Posted by easymoney > 2014-11-27 11:17 | Report Abuse

watching our rich neighor Suma drop like that.... I am glad I stay here got cash protection....hahaha

Posted by easymoney > 2014-11-27 11:32 | Report Abuse

oil price under pressure....that's good news for Sona...hahaha

Posted by qieen > 2014-11-27 11:46 | Report Abuse

so that sona can acquire a cheaper asset rather than carry on with this evil and blood sucking salamander. hahaha...

Posted by e1shi > 2014-11-27 12:05 | Report Abuse

ini kalilah.... accumulate more or waiting to drop more? part of me want it to go up to realise profit.. another wish it to drop to accumulate more... hahahaha.. ayoooo

Posted by Clj Jun > 2014-11-27 12:05 | Report Abuse

KOS, u better just say Sona won't goreng.

Posted by king of stock (king shark) > 2014-11-27 13:23 | Report Abuse

Be patient ok i ask u all what tp u all want?

Posted by easymoney > 2014-11-27 13:45 | Report Abuse

kos, I take any TP your king shark can affort....the best one is your tp 4....hahaha

Posted by alexyap > 2014-11-27 13:53 | Report Abuse

we want u to be less thick skin... @@

Posted by cskek81 > 2014-11-27 14:00 | Report Abuse

KOS, let me know if you are goreng today :)

Posted by bracoli > 2014-11-27 14:02 | Report Abuse

kos wad tp can u give us? u still got $ buy tix back msia onot?

Posted by Clj Jun > 2014-11-27 14:36 | Report Abuse

Damn, no mood to see already. KOS is talking shit only, all my money trapped very deep in sona.

Posted by kkton19 > 2014-11-27 14:46 | Report Abuse

you panic, he happy

Posted by kkton19 > 2014-11-27 14:47 | Report Abuse

he trap you to buy, then he sell to you

Posted by kensen > 2014-11-27 15:00 | Report Abuse

If oil prices keep going down after OPEC's indecisive decision, those Salamander's shareholders will cry out loud.

Ophir's shareholders will cry too. And both companies' shareholders will curse the board of directors of both companies for destroying the shareholders' value.

And Sona now is different shape. They are not an O&G company yet and hence they can get a similar assets at cheaper price. Is a blessing in disguise for Sona actually and their share price will rebound to RM0.50 and thereon higher due to rumours of potential QA (like Indonesia & Thai's assets). Remember, Sona went up to above RM0.60 due to rumours.

In respect of any decision, is a win-win situation. If they managed to get it, is a good assets and if not they can get similiar assets at cheaper price.

Posted by sheep > 2014-11-27 15:03 | Report Abuse

zzzzzzzzzzzzzzzzzzzzz

Posted by e1shi > 2014-11-27 15:12 | Report Abuse

kensen, yes you are right, as Hadian say they are a lot ot asset out there but no enough cash.. sona have cash

Posted by easymoney > 2014-11-27 15:21 | Report Abuse

You think this is pasar malan kah lim88? see what you want, just buy so easy.... like that Sona can hire you to buy QA lor...hahaha

Posted by pisangkuat > 2014-11-27 15:23 | Report Abuse

lim88...pls withdraw your racist comment...i am cina too...no gd to talk like tht...u think cina bisnesman no like tht? Go and look at VT company ctr...eat you alive even before you realise.

Posted by qieen > 2014-11-27 15:28 | Report Abuse

Kensen, like you said, I prefer sona to buy similar asset with cheaper price.. cut down loan from bank and enjoy higher revenue.

Posted by easymoney > 2014-11-27 15:28 | Report Abuse

Just bought some wa @0.185.... next week I bet on good news from Hadian....hahaha

Posted by LKWWGP > 2014-11-27 15:30 | Report Abuse

hopefully this round all buyer is not a contra player......

Posted by hehey88 > 2014-11-27 15:30 | Report Abuse

Corret me if i am wrong, fund managers can only start coming in once SC has approved on the QA right?

Posted by sheep > 2014-11-27 15:32 | Report Abuse

you buy you die kao kao

Posted by Clj Jun > 2014-11-27 15:32 | Report Abuse

Warrant 0.185, I am getting faint from heart attack soon.

Posted by LaoLiu > 2014-11-27 15:38 | Report Abuse

0.185 for wa. Doesn't seem good, without any news, still will keep on tumbling down. Indicator result, negative. Unknown support level.

Posted by kensen > 2014-11-27 15:44 | Report Abuse

Yes, regardless Chinese, Indian or Malay, we are all Malaysian despite all the differences in culture and tradition. That is why we are so unique compared to the rest.

You cannot said Malay businessmen just do the talking. Same for the rest as well like VT (Berjaya), Edmund Santhara (MEGB), OLH (PJ Dev & OSK), CLK (Karambunai), RW (Asia Media). Don't because of few bad eggs, you think all the rest of eggs in the basket are bad as well.

Posted by Tornado > 2014-11-27 15:44 | Report Abuse

If Sona cannot secure any asset within 3 yrs (~1.5 yrs gone), WA is equal to toilet paper.
If you want to bet, mother share would be a more viable avenue, at least you can get back your money upon expiry.

Posted by Harvard57 > 2014-11-27 15:46 | Report Abuse

same advice , do not go near oil n gas stocks !!!
just DONT GO NEAR !!!
OIL PRICE WILL keep sliding until all OPEC countries agreed NOT to support n recognize ISIS.
go for Stone instead of Sona, may be got hope to recover 80%

Posted by LaoLiu > 2014-11-27 15:54 | Report Abuse

For Sona/Sona Wa, the only things that can do is pray for it. Is either you win big up the roller coaster to heaven or get a huge lose continue on a down deep roller coaster to the underworld.

Posted by easymoney > 2014-11-27 15:54 | Report Abuse

yes you are right Tornado....WA is not meant for investment... is meant for "gambling"...I bought some WA for that purpose...hahaha

Posted by bracoli > 2014-11-27 16:09 | Report Abuse

spac is like gambling la

Posted by AhSook AhKou > 2014-11-27 16:13 | Report Abuse

OPEC unlikely to reduce production , the community is supporting global politician to punish Russian !!! When price slide down it will continue to cost Russian as it cost them more than $100 (cost) , mahhh

Posted by e1shi > 2014-11-27 16:31 | Report Abuse

its always like this.. seosanal, crude oil slide down (oversupply, economy not good, recession), crude oil naik (short supply, economy pickup, war) BUT everybody know it is consumable product.. if cheap it will go to waste, if expensive people will complain..

Posted by LaoLiu > 2014-11-27 16:34 | Report Abuse

Brent will trade at $70 a barrel in 2015 and 2016 while WTI may average $65, according to Societe Generale SA. Al-Naimi’s comments were a “very clear indication that the Saudis and OPEC will do nothing at the meeting,” Michael Wittner, the bank’s New York-based head of oil market research, said in an e-mailed report. “It means that the market itself -– prices, in other words –- will be the mechanism to rebalance the market.”

Posted by e1shi > 2014-11-27 16:37 | Report Abuse

give it 3 months, I am pretty sure it will stabiles around USD 90.. all those Arabs need to have money to buy military assets, who else will suffer it there is no wars.. US la.. hahahahaha

Posted by Clj Jun > 2014-11-27 16:47 | Report Abuse

Sona still has 1.5 years left. I will continue to keep the warrant until next year end then cut loss. No mood already, no eyes see. I will earn back my money with other method at next year. This counter already is hopeless.

Posted by lim88 > 2014-11-27 16:49 | Report Abuse

all take our money and go happy happy.....after 3 years give back to u...

Posted by lim88 > 2014-11-27 16:50 | Report Abuse

look like so smart but all tin kosong..

Posted by lim88 > 2014-11-27 16:54 | Report Abuse

In this 2014 edition, Dato Sri Hadian Hashim, Managing Director, Sona Petroleum Berhad, talks about:

- The uncertainty of the Salamander acquisition

- Alternatives and options for procuring a Qualifying Asset

- SPAC rules and the three-year deadline

- Thai fields and merits/demerits

- Low oil price situation and challenges inherent

- OPEC meeting this week, Saudi production and production costs

- Norges investment and expectations

Posted by lim88 > 2014-11-27 16:55 | Report Abuse

kick the ball to OPEC.....like this lah...

Posted by Mowan > 2014-11-27 17:02 | Report Abuse

90% of money in trust. Cannot use. I am sure SONA also wants to resolve this impasse

Posted by LaoLiu > 2014-11-27 17:02 | Report Abuse

Let's hope for some miracle happen to Sona. Dato Sri Hadian Hashim words and action affect the stock prices.

Posted by kensen > 2014-11-27 17:42 | Report Abuse

Lol!! There is a moratorium imposed on the shares held by Sona Petroleum Bhd’s Promoters. The moratorium bars the key management from selling any of their shares in Sona Petroleum until the company generates one year of audited revenue from the commercial production of its qualifying asset. This the strictest so far among Malaysia’s special purpose acquisition companies (SPAC).

At least this will drive the key management to get the business to acquire soonest possible

Posted by kensen > 2014-11-27 17:43 | Report Abuse

Let see what miracle they can produce. .....
In the meantime, close my eyes.. Life as usual

Posted by logical > 2014-11-27 18:02 | Report Abuse

Does SC really need 3 months to approve ..... SC should buck-up

Posted by fauzan > 2014-11-27 18:12 | Report Abuse

Actually anything can happen in any direction. It may also possible the Salamander director or shareholder to change mind if the oil keep dropping.
Based on the Ophir offer Salamander receive 0.5719 Ophir shares for each Salamander share. Therefore, the value of the transaction will drop if Ophir share price drop. Now at 164 pence/share as compare to more than 200 pence/ share before the offer. If oil price further drop the value of the transactions will also further drop significantly.As compare to Sona the transaction price is fix by cash in USD. So cannot change in term of the value.
If u want Salamader to change mind pray for oil to drop further. They may change their mind but if Sona get the QA, the projection of profit will also drop significantly due to oil price drop.
Anyhow suggest to avoid warrant to be safe.

Posted by callme777 > 2014-11-27 23:27 | Report Abuse

Crude oil is down usd2 plus

Posted by yamatotrading > 2014-11-27 23:41 | Report Abuse

OPEC maintain production

Posted by easymoney > 2014-11-28 00:05 | Report Abuse

Good news for Sona current situation....Ophir share currently at 52 weeks low...hahaha

The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.

Following a meeting of OPEC in Vienna, the oil minister of leading member Saudi Arabia, Ali Al-Naimi, was asked whether the group had decided not to reduce its output from 30 million barrels per day. He responded: "That is right".

Speaking to CNBC, Nigeria's Petroleum Minister and newly elected OPEC president, Diezani Alison-Madueke, said that non-OPEC oil producers had to "share the burden" of any future cut in production.

Posted by qieen > 2014-11-28 00:27 | Report Abuse

Easymoney, luckily sona hasn't fully committed to the agreement. Hadrian, please look for a cheaper and yet profitable oil field, leave salamander behind.....ba.....